THE ACCELERATOR for May 26th, 2017
News for Driving Economic Growth
SENATOR THUNE MOVES ON COST RECOVERY
Last week, Senate Finance Committee member John Thune of South Dakota introduced the Investment in New Ventures and Economic Success Today (INVEST) Act of 2017, aimed at accelerating cost recovery and stimulating economic growth.
See the release here.
CRANE RESPONDS TO THUNE PROPOSAL
CRANE Coalition spokesman Kevin Dempsey issued a statement last week recognizing the INVEST Act as a fiscally responsible plan to promote investment, job creation, and economic growth.
HOUSE WAYS AND MEANS BEGINS TAX HEARINGS
The House Ways and Means Committee held its first hearing on tax reform last week, with Chairman Brady focusing his opening remarks on rapid cost recovery, saying such a policy is “incredibly pro-growth for jobs, for paychecks, and for our economy as a whole.” On Tuesday of this week, the committee met again to hear testimony on the proposed border adjustment tax in the House tax reform blueprint.
More here and here.
THE ACCELERATOR is the voice of the CRANE Coalition – Cost Recovery Advances the Nation’s Economy. CRANE is made up of American companies and associations focused on preserving a robust system of cost recovery in the tax code to ensure that businesses have the capital needed to continue driving economic growth and job creation here at home. CRANE has sponsored research on the economics and budgetary aspects of cutbacks in cost recovery. As Congress and the administration endeavor to reform the U.S. tax code in the coming months, CRANE will continue to urge the preservation and enhancement of accelerated depreciation. Follow us on Twitter.